2014

Sudanese finance minister Badr al-Din Mahmoud made a rare acknowledgment on Wednesday by telling the parliament that the government is finding it increasingly difficult to control the markets which has seen a steady rise in prices coupled with a continuous deterioration in the exchange rate of the pound against the US dollar and other major currencies.

Sudanese oil minister Makkawi Mohamed Awad announced on Monday 09-06 that an agreement will be signed with a number of Chinese companies by which Khartoum will assume full ownership of the oil pipeline that extends to the South by the end of 2016.

The government of South Sudan must immediately issue a moratorium on all new contracts in its oil industry, warns Global Witness in a briefing published June 4.

South Sudan said it earned $1.9 billion from oil sales in the 12 months through May as the country seeks to restore output lost in nearly six months of conflict.

Prohibitive costs, transport difficulties, political instability and growing insecurity have rendered the Frontier Resource Group's plan to build an oil refinery in the north of South Sudan unfeasible for the time being.

South Sudan government admitted on Sunday that the ongoing conflict has affected the country’s oil production, with production now at just 165,000 barrels per day.

A statement attributed to Petroleum Minister Eng. Makkawi Awad that Sudan’s oil reserves stand at 4 billion barrels raises more questions than it gives answers.

New report by ECOS/ PAX, based on fieldwork conducted from 2010 to 2012, analysing community- oil company relations, labour practices, and impact on local land use patterns in South Sudan.

South Sudanese rebels clashed with government troops Tuesday in the key oil town of Bentiu, with the guerrillas demanding that companies end production as they sought to capture oilfields.

South Sudanese rebels say they have seized control of Unity state capital Bentiu following heavy clashes with government forces loyal to president Salva Kiir.